1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Assets Current assets: SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 2020 Amount % Amount % Cash $ 188,800 $ 135,800 Accounts receivable 76,000 51,800 Inventory 72,000 133,700 11,200 5,600 Prepaid rent Long-term assets: Investment in bonds Land 99,200 0 200,800 215,600 Equipment 194,400 192,500 Less: Accumulated depreciation (42,400) (35,000) Total assets $ 800,000 $ 700,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 51,200 $ 89,600 Interest payable 22,400 11,200 16,000 13,300 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 270,400 179,900 Common stock 224,000 224,000 Retained earnings 216,000 182,000 Total liabilities and stockholders' equity $ 800,000 $ 700,000